DekaBank Deutsche Girozentrale purchased a new stake in Ashford Hospitality Trust, Inc. (NYSE:AHT) during the first quarter, according to its most recent filing with the SEC. The firm purchased 60,714 shares of the real estate investment trust’s stock, valued at approximately $397,000.
Several other large investors have also recently made changes to their positions in AHT. Norges Bank acquired a new stake in shares of Ashford Hospitality Trust in the 4th quarter valued at approximately $5,869,000. BlackRock Inc. raised its position in shares of Ashford Hospitality Trust by 6.4% in the 4th quarter. BlackRock Inc. now owns 9,006,331 shares of the real estate investment trust’s stock valued at $36,026,000 after acquiring an additional 544,053 shares during the period. JPMorgan Chase & Co. raised its position in shares of Ashford Hospitality Trust by 16.3% in the 1st quarter. JPMorgan Chase & Co. now owns 2,793,439 shares of the real estate investment trust’s stock valued at $13,269,000 after acquiring an additional 391,339 shares during the period. Millennium Management LLC raised its position in shares of Ashford Hospitality Trust by 72.4% in the 4th quarter. Millennium Management LLC now owns 890,242 shares of the real estate investment trust’s stock valued at $3,561,000 after acquiring an additional 373,716 shares during the period. Finally, Nordea Investment Management AB raised its position in shares of Ashford Hospitality Trust by 101.9% in the 4th quarter. Nordea Investment Management AB now owns 732,605 shares of the real estate investment trust’s stock valued at $2,930,000 after acquiring an additional 369,805 shares during the period. Institutional investors and hedge funds own 69.96% of the company’s stock.
Shares of AHT stock opened at $4.29 on Friday. The company has a debt-to-equity ratio of 11.28, a quick ratio of 3.07 and a current ratio of 3.07. The company has a market cap of $439.21 million, a price-to-earnings ratio of 3.40, a P/E/G ratio of 0.79 and a beta of 1.77. Ashford Hospitality Trust, Inc. has a 52 week low of $3.85 and a 52 week high of $8.66.
Ashford Hospitality Trust (NYSE:AHT) last announced its earnings results on Thursday, May 2nd. The real estate investment trust reported ($0.49) EPS for the quarter, missing the consensus estimate of $0.25 by ($0.74). The company had revenue of $358.72 million for the quarter, compared to analyst estimates of $353.87 million. Ashford Hospitality Trust had a negative return on equity of 30.20% and a negative net margin of 9.58%. On average, analysts forecast that Ashford Hospitality Trust, Inc. will post 1.09 EPS for the current year.
A number of analysts recently weighed in on the stock. ValuEngine upgraded shares of Ashford Hospitality Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, March 5th. Zacks Investment Research downgraded shares of Ashford Hospitality Trust from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Ashford Hospitality Trust currently has a consensus rating of “Hold” and an average price target of $7.67.
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Ashford Hospitality Trust Company Profile
Ashford Hospitality Trust is a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale, full-service hotels.
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